Yesterday
Fund manager busy buying assets in a struggling office market
Brisbane-based Exceed Capital has snared its second office building in nine months and is now circling bigger CBD assets
- Larry Schlesinger
- Exclusive
- Retail property
UBS bets on co-working and bowling to fix troubled Melbourne mall
UBS has secured two big tenancies for St Collins Lane, an arcade in the Melbourne CBD that has been one of the city’s worst performing malls for years.
- Larry Schlesinger
The battle for the streets of New York
The Big Apple’s streets are teetering between lively and unlivable. Now, the city is about to embark on the country’s first congestion-pricing plan.
- Dodai Stewart
- Exclusive
- Office
Why this $103m office on Sydney CBD fringe sold at no discount
Listed property fund manager Centuria has sold its Biomedical Building to Kurraba Group for $103 million.
- Campbell Kwan
This Month
Aware Super wants a new chairman at Lendlease, fast
Lendlease’s biggest investor has called for an external candidate to replace Michael Ullmer, and urgently steer the embattled developer’s turnaround.
- Nick Lenaghan
Rural Funds, SA winemakers list $80m of cattle stations
Rural Funds is selling two cattle properties in Queensland’s Gulf of Carpentaria, while the SA-based DiGiorgio family is selling Aroona Station in the NT.
- Larry Schlesinger
- Exclusive
- Commercial real estate
Mall war: Kevin Seymour accuses Dexus of anticompetitive conduct
The Rich Lister is accusing Dexus of acting anti-competitively for blocking his proposed Brisbane precinct to protect its own retail asset down the road.
- Campbell Kwan
Wagga sheep farm of Fraser-era minister Wal Fife listed for $30m
The 2000 hectares Gundary was owned by the late politician until his death in 2017. Mr Fife served in the NSW and federal parliaments for over 35 years.
- Larry Schlesinger
Why Aesop is putting algae on its shopfronts
The upcoming Melbourne Design Week reveals ideas already in use that could change our world. But getting them to scale is no simple task.
- Michael Bleby
Lendlease sells down Asia venture amid campaign for overhaul
The $147 million sale of a stake in its life sciences business comes as activist investors demand the property giant pulls back from overseas markets.
- Updated
- Nick Lenaghan
- Exclusive
- Commercial property finance
Lendlease’s Michael Ullmer to step down in board overhaul
The country’s largest property group will face disgruntled investors this month, who are calling for significant changes to its strategy.
- Aaron Weinman
NRMA snaps up Yamba holiday park for more than $40m
The association will add the Blue Dolphin Holiday Resort in Yamba to a tourism portfolio that includes Cradle Mountain Hotel and Freycinet Lodge in Tasmania
- Larry Schlesinger
Not a home office: cafe finds coffee and laptops don’t blend well
The same reasons that drove19th-century writers from their garrets have led office workers to colonise café tables.
- Jane Shilling
- Exclusive
- Property development
Developer Avid flags $1.4b land lease housing play
The privately owned developer that acquired Villa World in 2019 has expanded into the fast-growing land lease business. At scale.
- Michael Bleby
- Exclusive
- Property market
Lenders’ preference for luxury units a blow to housing supply hopes
Mortgage broker Stamford Capital is arranging construction finance for developments worth $5 billion. All of them are luxury apartment projects.
- Larry Schlesinger
Developers cash in as investors spend big on fast food and childcare
Nearly $50m was splashed by investors at a commercial property auction in Sydney, of which almost half was spent on fast food outlets on long leases.
- Larry Schlesinger
- Opinion
- Housing slump
Can $32 billion fix the housing crisis?
The Albanese government’s ambitious plan to boost housing supply might not make a difference before the next election. Is there a better solution?
- Robert Harley
For $490 million, last private land in Arctic archipelago can be yours
The massive tract of land could be an investment project for a high-net-worth individual looking to make an impact as an environmentalist.
- Sarah Rappaport
Demand for housing and sheds to drive Frasers forward
Frasers’ booming Australian residential and industrial businesses will help drive profits at the Singaporean giant, after they fell at the half-year stage.
- Larry Schlesinger
- Updated
- Tax disputes
Lendlease tax woes could trigger second profit downgrade
John Wylie’s Tanarra Capital is pushing for a seat on the Lendlease board, as the country’s largest property group faces the prospect of a damaging profit downgrade after tax officials handed it a $112 million bill.
- Updated
- Michael Bleby, John Kehoe and Aaron Weinman
